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Healthcare Independence 3Ms Spinoff Unveils Itself as Solventum

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year th

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year that it would spin off its healthcare division into a different publicly traded company, albeit it would still own a 19.9% share. The action was taken amid legal disputes over purportedly faulty earplugs worn by service personnel. In 2022, the healthcare segment, which specialises in wound care, dental care, and healthcare technologies, reported revenues of about $8.4 billion. Bryan Hanson will lead the healthcare spinoff, expected to be finished in the first part of 2024. Read More..

B2B Tech News | 2 years ago          

Adani Faces Renewed Investigation Over Alleged Coal Import Overvaluation

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016,

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016, the Directorate of Revenue Intelligence has been trying to get transaction papers. The agency believes that Adanis coal shipments from Indonesian suppliers were invoiced to its Singaporean subsidiary, Adani Global Pte, at a premium price before being sent to its Indian arms. Adani has used legal arguments to prevent the release of papers from Singapore successfully. The Revenue Intelligence agency is attempting to overturn a previous court ruling that permitted Adani to obstruct the gathering of evidence from Singapore. Adani refutes any misconduct. Read More..

B2B Tech News | 2 years ago          

Beyond Music Spotify Teams Up with Google Cloud to Power Intelligent Podcast Picks

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LL

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LLMs, such as Googles PaLM 2, Codey, Imagen, and Chirp, to analyse massive volumes of data to produce text, pictures, audio, and video output. As a leader in AIpowered music recommendations, Spotify wants to include this feature in its nonmusic content offerings. The collaboration also looks at using LLMs to improve content safety protocols by spotting potentially dangerous content. This action aligns with Spotifys plan to profit from revenuegenerating formats such as audiobooks and podcasts. Read More..

B2B Tech News | 2 years ago          

Driving the Future China’s Intelligent Connected Vehicles ICVs Hit the Road for Trials

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs for road testing. China, the worlds biggest auto market, has prioritized ICVs as part of its longterm strategic objectives to dominate the developing market. The approved experiments pertain to autonomy levels 3 and 4 in Chinas autonomous driving categorization scheme. This action demonstrates Chinas dedication to promoting improvements in connected and autonomous vehicle technology, in line with international trends and achievements in the automotive industry. Read More..

B2B Tech News | 2 years ago          

Text to Video Magic Metas Emu Video and Emu Edit Redefine Editing

Emu Video and Emu Edit are two AIpowered video editing tools that Meta Platforms has released. Emu Video creates foursecond movies, including suggesti

Emu Video and Emu Edit are two AIpowered video editing tools that Meta Platforms has released. Emu Video creates foursecond movies, including suggestions such as visuals with a description, a snapshot, or a caption. Emu Edit makes it simpler to edit or modify videos with text prompts. The Emu parent model, which creates graphics in response to text commands, is the foundation for these tools. Using generative AI technology, Meta has been aggressively developing its AI capabilities. This action reflects the increased interest in generative AI for capability enhancement and process improvement across various sectors. Read More..

B2B Tech News | 2 years ago          

Breaking Barriers Apple to Embrace RCS for iPhoneAndroid Messaging

According to reports, Apple intends to implement the Rich Communication Services RCS standard next year, enabling more seamless messaging between Andr

According to reports, Apple intends to implement the Rich Communication Services RCS standard next year, enabling more seamless messaging between Android and iPhone devices. While rivals like Google have been pushing to adopt RCS, Apple has resisted for over a year. The new technology would enhance iMessage by offering superior compatibility over conventional SMS or MMS. RCS is widely accepted as the industry standard for communications because it can send and receive highquality images and videos, communicate over WiFi or cellular connection, and get readreceipts. Apple hasnt formally addressed the rumoured plans as of yet. Read More..

B2B Tech News | 2 years ago          

ValueAct Capital Dives into Recruit Holdings and Expedia for Growth

ValueAct Capital Management has invested in Expedia Group, an online travel agency, and Recruit Holdings, the parent firm of the jobsearch website Ind

ValueAct Capital Management has invested in Expedia Group, an online travel agency, and Recruit Holdings, the parent firm of the jobsearch website Indeed. Both businesses, in the opinion of the investment company, are well positioned for rapid expansion. The interests were not disclosed, but Expedia is worth around $17 billion on the market, while Recruit is estimated to be worth $49 billion. ValueAct wrote to clients stating that both businesses would gain from more strategic modernization of online services, more cost management, and intelligent pricing. Following the news, Recruits American depository receipts increased by over 8%, while Expedias stock price increased by 7.5%. Read More..

B2B Tech News | 2 years ago          

Siemens Eyes Moderate Growth in 2024 Amidst Cautious Industrial Outlook

Siemens reported an industrial profit that exceeded forecasts in the fourth quarter, but they have issued a more cautious sales projection for 2024. T

Siemens reported an industrial profit that exceeded forecasts in the fourth quarter, but they have issued a more cautious sales projection for 2024. The German industrial giant has reported an 11% increase in sales for its 2023 business year nevertheless, for the next 12 months, it expects revenue growth of 48%. This is primarily because of the low estimates in its industrial automation segment, where sales may increase by 3% or stay the same. After clients restocked, Siemens expressed confidence that worldwide demand in the automation sector, especially in China, will rise in the fiscal years second half. In the fourth quarter, the companys sales increased by 10% to €21.4 billion $23.19 billion. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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